NetSol International, Inc. Estimated Revenues Expected to Exceed 2.5 Million From ICOM Informatique Strategic Alliance
E-Commerce Products & Services for International Markets
SANTA MONICA, Calif., June 25 /PRNewswire/ -- NetSol International, Inc. (OTC Bulletin Board: NTWK) ("NetSol") formerly Mirage Holdings, Inc. is pleased to announce the estimated revenues exceeding expectation from ICOM Informatique and NetSol UK, Ltd., ("NetSol UK") Global Strategic Alliance. As announced before, NetSol will offer a full range of E-Commerce consulting services based on ICOM's new "e-Com Business Suite", including Winsurf Mainframe Access (Web-To-Host product).
The alliance entered into in April 1999, by ICOM and NetSol provides quality products and services to International markets. ICOM and NetSol find E-commerce as the re-engineering of a business process based on obtaining competitive edge, transaction security with a high degree of confidentiality.
According to the Gartner Group, the number of licenses of Web to Host Browser software sold will grow from 500,000 in 1998 to an estimated 10,000,000 in the year 2001, which means the market could grow to at least 1 BILLION dollars.
The alliance of two leaders
Terry Childs, Commercial Manager of ICOM Informatique UK states: "We are very focused on our strengths -- designing and manufacturing e-commerce software. The ICOM's strategy is to qualify and set-up as a strong 'ICOM e-business Partner' in the international channel, providing consultancy and expertise in building Intranet solutions with our new 'e-Com Business Suite.'"
Terry Childs added, "NetSol is a very efficient consultancy company, delivering a new, dynamic consulting solution. This agreement gives us real E-commerce credibility and provides our customers with real value."
Naeem Ghauri, Managing Director of NetSol UK states, "This alliance adds tremendous value and strength to NetSol UK's ability to continue to deliver total solutions to our blue chip client base. ICOM's WMA software breathes new life into thousands of legacy applications that would otherwise become obsolete. NetSol's expertise in integration and Web enabled application development is now complemented by ICOM's WMA software that will open up a larger market for both the companies by becoming a one stop E-commerce solution providers." He added, "This is a tremendous improvement on sales expectations as the project is right on track for launch in July 1999. This new business opportunity could create revenue in excess of $2.5 million in next fiscal year for NetSol UK, Ltd."
About ICOM Informatique
ICOM Informatique is a software developer specializing in PC-To-Host connectivity solutions for corporate network PC's users in legacy environments (IBM, Unix, Bull, Videotex,). The company, founded in 1981, is based in France and has offices in England, Germany, and the USA and a worldwide network of focused and skilled distributors.
ICOM Informatique is a pioneer in the Web-To-Host connectivity market. The company offers a complete package, Winsurf Mainframe Access (WMA), that was launched mid-1997.
With over 900,000 licenses installed, ICOM Informatique is a leading European Web-to-Host software supplier. The company is quoted in the Paris stock exchange and is traded under the symbol 'ICO.'
NetSol UK, Ltd. is a wholly owned subsidiary of NetSol International, Inc., a Nevada based corporation. NetSol UK, Ltd. is the marketing and customers support unit based in Milton Keynes, UK to serve the clients in Europe, which is the related company of Network Solutions (Pvt.) Ltd. Network Solutions (Pvt.) Ltd. is a Pakistan based software development house that is also a wholly owned subsidiary of NetSol International, Inc.
Included in this material are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements would have proved to be correct.
For further information, please visit our Investor Relations Web Site: www.mghi.com or Contact: Ms. Aiesha Ghauri of NetSol International, Inc., 310-395-4073, aieshag@netsol-intl.com; or Mr. Terry Childs of ICOM Informatique, UK, +44-0-1908-676-616, Terry.childs@icominfo.co.uk
SOURCE NetSol International, Inc.
CO: NetSol International, Inc.; ICOM Informatique
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